the WHITE HOUSEPresident Barack Obama

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The White House
Office of the Press Secretary
For Immediate Release

Presidential Memorandum--Presidential Determination on a U.S. Export-Import Bank Transaction with Vietnam

Presidential Determination
No. 2012-10

MEMORANDUM FOR THE SECRETARY OF STATE

SUBJECT: Presidential Determination on a U.S. Export Import Bank Transaction with Vietnam

Pursuant to section 2(b)(2)(D) of the Export Import Bank Act of 1945, as amended, I determine that it is in the national interest of the United States for the Export Import Bank of the United States to extend a loan in the amount of approximately $125,870,890 to the Vietnam Post and Telecommunications Group, a wholly state owned company, for the purchase of a U.S. manufactured telecommunications and television satellite.

You are authorized and directed to publish this determination in the Federal Register.

BARACK OBAMA